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Form of workJob Details
Position Type
Full Time
Description
Job Summary:
This role is responsible for processing financial data for use in maintaining accounting records and the preparation of financial reporting to management, affiliates and regulatory agencies.
Essential Functions:
Estimated Percentage of Time Dedicated to Responsibilities:
Manage Statutory financial reporting for Hannover Life Reassurance Company of America and Sand Lake Re, Inc. by coordinating, preparing, compiling and/or reviewing Statutory quarterly and annual exhibits, schedules and supplemental filings (NAIC), preparation of RBC filings, MD&A, and other state required filings, U.S. Department of Commerce reporting (BEA), parent company reporting (CIO) and rating agency filings (AM Best). Primary contact with FLOIR for Statutory reporting submissions and review. Responsible for preparation of annual audited financial statements. These tasks keep our companies in good standing with regulators so we can continue to conduct our business.
Provide assistance with communication with regulators and any desk audits or financial examinations. Support the Corporate Actuarial function in the preparation of the Actuarial Opinion as needed. Answer financial and accounting questions from executive leadership, auditors, regulators, and others by researching transactions, interpreting data, and demonstrating understanding of the Companies' financial performance.
50%
Responsible for the administering asset and investment income allocations at the market category level for Statutory, IFRS, and Solvency II accounting bases. Responsible for determining the funding target on a market category basis for assets under own management. Responsible for recording standby LOC expense on a cash, Statutory, and Solvency II ledgers in TRS. These tasks allow our business units to complete their quarterly reporting requirements and deadlines in a timely manner.
10%
Manage and review work of supporting team ensuring timely reporting and adequate cross training of all functions to ensure accurate, efficient, and compete reporting. Will be responsible for monitoring NAIC communications including emerging issues, keeping management appraised, directing implementation of required changes to Statutory Reporting and communicating exposure drafts to interested parties within the Companies.
15%
Manage and ensure compliance with Model Audit Rule for accounting processes to maintain our company remains in good standing with regulators. Liaise with internal and external auditors related to Statutory Reporting and in to facilitate controls testing and substantive procedures. Work to streamline the statutory close process and provide executable recommendations that improve operations and finance functions.
20%
Other responsibilities as assigned including supporting the Assistant Controller and other colleagues as necessary.
5%
Competencies:
Qualifications
Essential knowledge skills and abilities:
Desired knowledge skills and abilities:
Travel:
< 5% - Domestic overnight travel
Nothing in this job description restricts management's rights to assign or reassign duties or responsibilities to this job at any time.
Total Compensation Range: $123,080 - $166,500 (inclusive of Base and Bonus).
Benefits Include:
Hannover Life Reassurance Company of America (Hannover Re) seeks to attract the best-qualified candidates who support the mission, vision and values of the company and those who respect and promote excellence through diversity. We are committed to providing equal employment opportunities (EEO) to all employees and applicants without regard to race, color, creed, religion, sex, age, national origin, citizenship, sexual orientation, gender identity and expression, physical or mental disability, marital, familial or parental status, genetic information, military status, veteran status or any other legally protected classification. The company complies with all applicable state and local laws governing nondiscrimination in employment and prohibits unlawful harassment based on any of the aforementioned protected classes at every location in which the company operates. This applies to all terms, conditions and privileges of employment including but not limited to: hiring, assessments, probation, placement, benefits, promotion, demotion, termination, layoff, recall, transfer, leave of absence, compensation, training and development, social and recreational programs, educational assistance and retirement.
We are committed to making our application process and workplace accessible for individuals with disabilities. Upon request, Hannover Re will reasonably accommodate applicants so they can participate in the application process unless doing so would create an undue hardship to Hannover Re, or a threat to these individuals, others in the workplace or the company as a whole. To request an accommodation, please email HRLUS-personnel@hannover-re.com. Please allow for 24 hours to process your request.
Position Type
Full Time
Description
Job Summary:
This role is responsible for processing financial data for use in maintaining accounting records and the preparation of financial reporting to management, affiliates and regulatory agencies.
Essential Functions:
Estimated Percentage of Time Dedicated to Responsibilities:
Manage Statutory financial reporting for Hannover Life Reassurance Company of America and Sand Lake Re, Inc. by coordinating, preparing, compiling and/or reviewing Statutory quarterly and annual exhibits, schedules and supplemental filings (NAIC), preparation of RBC filings, MD&A, and other state required filings, U.S. Department of Commerce reporting (BEA), parent company reporting (CIO) and rating agency filings (AM Best). Primary contact with FLOIR for Statutory reporting submissions and review. Responsible for preparation of annual audited financial statements. These tasks keep our companies in good standing with regulators so we can continue to conduct our business.
Provide assistance with communication with regulators and any desk audits or financial examinations. Support the Corporate Actuarial function in the preparation of the Actuarial Opinion as needed. Answer financial and accounting questions from executive leadership, auditors, regulators, and others by researching transactions, interpreting data, and demonstrating understanding of the Companies' financial performance.
50%
Responsible for the administering asset and investment income allocations at the market category level for Statutory, IFRS, and Solvency II accounting bases. Responsible for determining the funding target on a market category basis for assets under own management. Responsible for recording standby LOC expense on a cash, Statutory, and Solvency II ledgers in TRS. These tasks allow our business units to complete their quarterly reporting requirements and deadlines in a timely manner.
10%
Manage and review work of supporting team ensuring timely reporting and adequate cross training of all functions to ensure accurate, efficient, and compete reporting. Will be responsible for monitoring NAIC communications including emerging issues, keeping management appraised, directing implementation of required changes to Statutory Reporting and communicating exposure drafts to interested parties within the Companies.
15%
Manage and ensure compliance with Model Audit Rule for accounting processes to maintain our company remains in good standing with regulators. Liaise with internal and external auditors related to Statutory Reporting and in to facilitate controls testing and substantive procedures. Work to streamline the statutory close process and provide executable recommendations that improve operations and finance functions.
20%
Other responsibilities as assigned including supporting the Assistant Controller and other colleagues as necessary.
5%
Competencies:
- Direct Work
- Manages Complexity
- Plans and Aligns
- Communicates Effectively
- Optimizes Work Processes
Qualifications
Essential knowledge skills and abilities:
- Bachelor's Degree in Accounting or Business from a four year college or university.
- Minimum 10 years related experience in financial reporting, or equivalent combination of education and experience
- Prior management experience
- Life & health reinsurance accounting experience in Statutory, IFRS, and Solvency II
Desired knowledge skills and abilities:
- CPA
- Advanced skills in Excel
- Annual Statutory Statement Preparation experience
- Significant experience with analytical reports
- Advanced general ledger experience (i.e. PeopleSoft)
- Intermediate experience with reporting in database software such as Smart View
- Strong organizational skills and attention to detail
- Availability and flexibility in meeting reporting deadlines
Travel:
< 5% - Domestic overnight travel
Nothing in this job description restricts management's rights to assign or reassign duties or responsibilities to this job at any time.
Total Compensation Range: $123,080 - $166,500 (inclusive of Base and Bonus).
Benefits Include:
- Comprehensive medical, dental, and vision
- Paid Time Off (PTO)
- Company provided life insurance and disability benefits
- 401(k) and profit sharing
- Additional ancillary benefits available
Hannover Life Reassurance Company of America (Hannover Re) seeks to attract the best-qualified candidates who support the mission, vision and values of the company and those who respect and promote excellence through diversity. We are committed to providing equal employment opportunities (EEO) to all employees and applicants without regard to race, color, creed, religion, sex, age, national origin, citizenship, sexual orientation, gender identity and expression, physical or mental disability, marital, familial or parental status, genetic information, military status, veteran status or any other legally protected classification. The company complies with all applicable state and local laws governing nondiscrimination in employment and prohibits unlawful harassment based on any of the aforementioned protected classes at every location in which the company operates. This applies to all terms, conditions and privileges of employment including but not limited to: hiring, assessments, probation, placement, benefits, promotion, demotion, termination, layoff, recall, transfer, leave of absence, compensation, training and development, social and recreational programs, educational assistance and retirement.
We are committed to making our application process and workplace accessible for individuals with disabilities. Upon request, Hannover Re will reasonably accommodate applicants so they can participate in the application process unless doing so would create an undue hardship to Hannover Re, or a threat to these individuals, others in the workplace or the company as a whole. To request an accommodation, please email HRLUS-personnel@hannover-re.com. Please allow for 24 hours to process your request.
